Tax Exempt
What is tax exempt status Tax-exempt status is a designation given by the Internal Revenue Service (IRS) to organizations that meet certain criteria. To be considered tax exempt, an organization must be organized and operated for religious, charitable, educational, scientific, or literary purposes, and it must not be conducted for profit. In addition, tax-exempt organizations must comply with certain federal...
Takeover Artist
What is 'Takeover Artist' An investor or company whose primary goal is to identify companies that are attractive to buy and that can be turned around to make a profit. A takeover artist will usually use a lot of debt (leverage) to make the purchase, and restructure the company for resale or add the company to an...
Tax Bracket
DefinitionTax brackets are the divisions at which tax rates change in a progressive tax system. Essentially, they are the cutoff values for taxable income — income past a certain point will be taxed at a higher rate. Tax Bracket What is a 'Tax Bracket' A tax bracket refers to a range of incomes that are subject to...
Target-Date Fund
Target-date funds are a type of mutual fund that is designed to meet the investment needs of a particular target date. They are often recommended for investors who want to invest in a single fund and have all their investment needs taken care of. In this article, we will discuss what target-date funds are, how they work, the benefits...
Tankan Survey
What is 'Tankan Survey' An economic survey of Japanese business issued by the central Bank of Japan, which it then uses to formulate monetary policy. The report is released four times a year in April, July, October and mid-December. Explaining 'Tankan Survey' The survey covers thousands of Japanese companies with a specified minimum amount...
Tax Deferred
DefinitionTax deferral refers to instances where a taxpayer can delay paying taxes to some future period. In theory, the net taxes paid should be the same. Taxes can sometimes be deferred indefinitely, or may be taxed at a lower rate in the future, particularly for deferral of income taxes. It is a general fact of taxation that when taxpayers...
Take-Home Pay
What is a 'Take-Home Pay' Take-home pay is the money that an employee actually receives from working after employment taxes and the cost of benefits and retirement contributions are subtracted. Take-home pay is calculated by taking the monthly gross income and subtracting federal income tax, Social Security and Medicare contributions, any state or local income taxes, monthly...
Tape Is Late
What is 'Tape Is Late' A situation on the trading floor where trading volume is so heavy that the real-time ticker quotes are delayed by a minute or two. When the tape is late some price or volume digits will be deleted. Explaining 'Tape Is Late' The term comes from years ago when the...
Term Life Insurance
DefinitionTerm life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions....
Take A Bath
What does 'Take A Bath' mean Take a bath is a slang term referring to the situation of an investor who has experienced a large loss from an investment or speculative position. Investors whose shares have declined significantly are said to have taken a bath. Explaining 'Take A Bath' For example, following the technology...